I wanted to share my story...it's stories like this that kept me motivated and I hope it can do the same for those on the sidelines or those getting started.It's been 7 months and we are about nearly finished with the rehab to our first multifamily complex we picked up in April.

@Jamiel Strickland thank you for sharing your experience!

However, if the payment is late, it is dealt with immediately and they are informed what the payment will be with the late payment fee and that we expect payment immediately.The one wrinkle is we have multiple units that utilities are shared and in our name, but we have the tenants pay the utilities. 

It will address things specific to a roommate situation like using and cleaning shared common areas, cleaning responsibilities, quiet hours, etc.

Be sure to share your experience when you do!

They have put quite a bit of rehab into it and our out of funds,  They are asking for a 50-100K 6 month loan and are offering generous interest.Myself and two other personal investors want to commingle our funds for the loan and share in the interest on a proportional basis.  

If you obtain your real estate license here you can also use it at some of the resorts here to sell time shares.   

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

Go to some Bigger Pockets meetups, lurk around on the forums, talk to friends or anyone else who's moved to Denver, and find a good agent who shares your love of the city and knows the real estate side inside and out.Good luck! 

@Joey Newton Would you mind sharing generally how you were able to find this deal?